CM Naidu cited Amaravati Quantum Valley (AQV) project for which IBM is set to install its most powerful quantum computer in India; and TCS will provide hybrid computing solutions.
After Cyberabad and Genome Valley, Naidu is now set out to outdo the legacy left behind in Hyderabad by building India's first quantum computing valley in his new capital.
Endorsement comes days after PM Modi re-inaugurated capital project, launching works worth Rs 49,000 cr, including those of Assembly, Secretariat & High Court buildings.
After living in a temporary accommodation in Amaravati & facing flak from YSRC, Andhra Pradesh CM Naidu has bought land in the capital area where he performed bhoomi-pooja Wednesday.
In 2019, months after he romped to power, Jagan scrapped Naidu’s plan to develop Singapore-like financial hub in Amaravati, while also disengaging the Singapore consortium.
The state govt said it was correcting the blunders of the previous govt & had cleared Rs 23,556 crore in pending liabilities. It also said that AP’s economic growth was back on track.
Around 300 IAS, IPS & Indian Forest Service officers had paid Rs 25 lakh each for a 500-sq.yd plot in Amaravati during Naidu's previous term, before Jagan scrapped the capital project.
The Jagan Reddy govt has been accused of scuppering various investment deals. Under Naidu, the govt, is trying to make AP a top investment destination, officials and industrialists say.
As Modi govt made opposition to special category status amply known, TDP boss insisted on liberal funding essential to rebuild state including Amaravati & Polavaram, says party.
The Andhra Pradesh CM says he'll re-engage firms to rebuild capital Amaravati, but admits it'll be difficult to convince them, adds there's an 'urgent need to restore investor confidence'.
Indian refiners are testing Venezuelan barrels again as Russian supply sinks, but analysts say volumes will remain limited due to refinery constraints & supply capacity.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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